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Jan 18, 2012
01/12
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this is something nuclear energy does very well. >> nuclear energy technology was a bridge, was seen as a bridge, in order to have time and to make renewable energy more competitive. >> o'brien: but can you get to that renewable future without the bridge? >> you need a bridge. if it's not nuclear, we have another bridge, and this bridge is now coal in germany because we have already a large share of coal, increasing greenhouse gas emissions as a consequence. and now this share will even increase more and this is not really sustainable as an energy strategy, but you need a bridge and this is coal. >> o'brien: and that is really bad news for the environment. in fact, germany's hasty decision to abandon nuclear energy after fukushima has alarmed many climate scientists. one of the most respected of them all, nasa's james hansen, worries that germany, a nation that has signed the kyoto protocol vowing to limit carbon emissions, will end up exacerbating climate change. if everyone pulled the plug on nuclear power, what would be the consequences of that? >> well, then if we don't find an a
this is something nuclear energy does very well. >> nuclear energy technology was a bridge, was seen as a bridge, in order to have time and to make renewable energy more competitive. >> o'brien: but can you get to that renewable future without the bridge? >> you need a bridge. if it's not nuclear, we have another bridge, and this bridge is now coal in germany because we have already a large share of coal, increasing greenhouse gas emissions as a consequence. and now this share...
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Jun 15, 2012
06/12
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energy was up 4.5%, and southwestern energy gained 4.3%. independent explorer apache also helped the energy stock rally. in a meeting with analysts the company talked up its portfolio of energy fields it has purchased over the past two and a half years. it now says it will shift its focus from acquisitions to developing these areas, expecting oil to lead the company's growth. encouraging medical news for edward life sciences carried that stock to new highs. today's 7% rally came as an f.d.a. advisory panel endorsed the company's artificial heart valve. the device can be used for patients who cannot have open heart surgery. and a couple of food-focused stocks. super market chain kroger reported stronger than expected earnings and raised its forecast. shares were up 6%, but pork producer smithfield fell almost 6% after a disappointing quarter. in our exchange traded fund market flash, all five of the most actively traded e.t.f.s were higher, led up the financial sector fund, up 1.2%. and that's tonight's "market focus." >> susie: tonight, we
energy was up 4.5%, and southwestern energy gained 4.3%. independent explorer apache also helped the energy stock rally. in a meeting with analysts the company talked up its portfolio of energy fields it has purchased over the past two and a half years. it now says it will shift its focus from acquisitions to developing these areas, expecting oil to lead the company's growth. encouraging medical news for edward life sciences carried that stock to new highs. today's 7% rally came as an f.d.a....
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Jan 5, 2012
01/12
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made energy. sylvia hall tonight reports on the outlook for this year's domestic energy. >> reporter: the u.s. imports nine million barrels of crude oil per day. industry experts say we don't have to. in fact, right now the untapped energy supplies in the united states far exceed demand. >> all the oil that has been consumed over the past 100 years doesn't come anywhere close to what oil is produceable in this country. >> reporter: but still, citizens for affordable energy c.e.o. john hofmeister expects conditions abroad to import volatile energy prices this year as america continues its dependence on foreign oil. just before the new year, iran bumped up prices when it threatened to close the strait of hormuz-- a major mid-east artery for oil tankers. >> i'm expecting a higher price outlook for 2012, unless and until we get an energy policy in this country that really seriously focuses on domestic fuel-- domestic electricity for our use. >> reporter: he says a clear, long-term plan for using ameri
made energy. sylvia hall tonight reports on the outlook for this year's domestic energy. >> reporter: the u.s. imports nine million barrels of crude oil per day. industry experts say we don't have to. in fact, right now the untapped energy supplies in the united states far exceed demand. >> all the oil that has been consumed over the past 100 years doesn't come anywhere close to what oil is produceable in this country. >> reporter: but still, citizens for affordable energy...
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Mar 16, 2012
03/12
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. >> we can't have an energy strategy for the last century that traps us in the past; we need an energy strategy for the future, an all-of-the above strategy for the 21st century that develops every source of american-made energy. >> reporter: as it turns out, between wind, solar, and other resources, the country has its pick of ways to generate energy. the department of energy says renewables make up around 10% of electricity production, and by 2035, their market share is expected to grow to 16%. but which ones are most promising? last year, solar panel installation doubled, and wind energy production increased by 27%. both depend heavily on government subsidies, and in a time of tight budgets, that support could dim. >> every energy source has enjoyed subsidies in its development period. that was true of oil, true of coal, true of nuclear, and its now true of renewable energy. the question is, how quickly can you phase out that subsidy? >> reporter: while the cost of solar and wind energy has been dropping steadily, they can't compete with plummeting natural gas prices. >> so, while r
. >> we can't have an energy strategy for the last century that traps us in the past; we need an energy strategy for the future, an all-of-the above strategy for the 21st century that develops every source of american-made energy. >> reporter: as it turns out, between wind, solar, and other resources, the country has its pick of ways to generate energy. the department of energy says renewables make up around 10% of electricity production, and by 2035, their market share is expected...
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Aug 10, 2012
08/12
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>> well, look, no one's opposed to energy efficiency. there's been bipartisan agreement on it, on increases in energy efficiency for decades and our economy has grown to be one of the most energy efficient economies in the world. we've made great strides there. renewablees, i'm all for renewables. i have solar panels on my house. they simply cannot provide the assist scale of energy demanded here in the united states or around the world. natural gas continues to be vilifieds -- a fossil fuel. look at what the international energy agency said in may, the i.e.a. based in paris, since 2006, the u.s. reduced co2 emissions by 532 million tons, more than any other country on the planet. and this is not a perfect solution in terms of reducing co2, but why did the i.e.a. point to the u.s.? because low-cost natural gas is displacing coal. this is a great story. are there costs? of course there are. there's no such thing as a free lunch when it comes to energy or anything else. >> brown: kate sinding, in our last minute, do you want to answer him,
>> well, look, no one's opposed to energy efficiency. there's been bipartisan agreement on it, on increases in energy efficiency for decades and our economy has grown to be one of the most energy efficient economies in the world. we've made great strides there. renewablees, i'm all for renewables. i have solar panels on my house. they simply cannot provide the assist scale of energy demanded here in the united states or around the world. natural gas continues to be vilifieds -- a fossil...
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Jan 25, 2012
01/12
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but i will not walk away from the promise of clean energy. i will not walk away from workers like brian. (applause) i will not creed the wind or solar or battery industry to china or germany because we refuse to make the same commitment here. we've subsidized oil companies for a century. that's long enough. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. (cheers and applause) pass clean energy tax credits. create these jobs. wethe differences in this chambr may be too deep to pass a comprehensive plan to fight climate change. but there's no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far you haven't acted. well, tonight i will. i'm directing my administration to allow the development of clean energy on enough public land to power three million homes and i'm proud to announce that the department of defense working with us, the world's largest consumer of energ
but i will not walk away from the promise of clean energy. i will not walk away from workers like brian. (applause) i will not creed the wind or solar or battery industry to china or germany because we refuse to make the same commitment here. we've subsidized oil companies for a century. that's long enough. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. (cheers and...
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Jan 7, 2012
01/12
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. >> germany has targeted 20 percent green energy, renewable energy by 20-20, germany now exceeded that that's and going to 35 percent green electricity way ahead of the united states, piar 2 is interesting how do you collect renewable energy because it is found everywhere, the sun, the wind, the heat under the ground, garbage backed energy, ocean tides tides so pillar 2 what germany is doing is converting every single building in germany to your own green power plant so you can collect sun on the roof, wind all the walls, geothermal heat under the ground and t new buildings they are putting up a actually positive power this jump starts construction, this gets thousands of smes moving, small to medium side size businesses and millions of labor hours think of think way, 1970, centralized mainframe computers, controlled by a few companies, they shared the information. steve jobs comes along, creates a desktop computer, now the internet, and now 2 billion people create their own information and share it, so in germany the same idea, pillar 2 you are going do have your own power plant and n
. >> germany has targeted 20 percent green energy, renewable energy by 20-20, germany now exceeded that that's and going to 35 percent green electricity way ahead of the united states, piar 2 is interesting how do you collect renewable energy because it is found everywhere, the sun, the wind, the heat under the ground, garbage backed energy, ocean tides tides so pillar 2 what germany is doing is converting every single building in germany to your own green power plant so you can collect...
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Aug 8, 2012
08/12
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into the energy mix. >> suarez: dan arvisu directs the national renewable energy lab in colorado. he concedes the new supplies of cheap gas have challenged the cost-effectiveness of new technologies. natural gas is a bridge to the new technologies his scientists are inventing, he says, not a replacement for them. cheap gas buys some time. >> if we did not have natural gas as this potential opportunity, then i think we would be in a much more urgent set of conditions than we are today. so it would give us a ttle bit of time to really solve the problem much more deliberately, and hopefully that has long lasting impacts. >> suarez: arvisu notes every energy source has benefits and costs. gas offers flexibility-- after all, the sun doesn't always shine and the wind doesn't always blow. a power plant can throw a switch and start burning gas, something you can't do with coal. >> so, backing off of this is a really bad idea. >> suarez: the former governor told me you can't stop investing in renewables even while taking full advantage of new gas supplies. >> we have to view this as a glob
into the energy mix. >> suarez: dan arvisu directs the national renewable energy lab in colorado. he concedes the new supplies of cheap gas have challenged the cost-effectiveness of new technologies. natural gas is a bridge to the new technologies his scientists are inventing, he says, not a replacement for them. cheap gas buys some time. >> if we did not have natural gas as this potential opportunity, then i think we would be in a much more urgent set of conditions than we are...
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Jul 13, 2012
07/12
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to shore short distances you need something that have energy so you need a high energy wave and lets us g go-go the short distae and that's "we go to the high energies because it allows us to look at the short distance structure. that doesn't mean nothing can exist beyond that. there is a difference between what we can think about, what there theories tell us or what theories suggest or what theories might be possible and what we can actually observe. >> what does all that you know and all that you have learned tell me -- how does it inform your instinct as to what is out there that might blow our mind? >> i am going to take the fifth is it a difficult question? >> >> no because actually the most interesting things often are the things none of us thought about in advance. >> rose: ah. >> i think quantum mechanics is mind-blowing to everyone at some level. >> rose: why is it? because -- >> well, it is such a fundamental notion that i should be able to say something is here and i can tell you exactly where it is going to be there. the idea that fundamentally there should be probability
to shore short distances you need something that have energy so you need a high energy wave and lets us g go-go the short distae and that's "we go to the high energies because it allows us to look at the short distance structure. that doesn't mean nothing can exist beyond that. there is a difference between what we can think about, what there theories tell us or what theories suggest or what theories might be possible and what we can actually observe. >> what does all that you know...
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Feb 22, 2012
02/12
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all that involves energy. so their oil companies are out there around the world seeking new oil resources. they are trying to be more e fution. they are trying to promote renewable energy so they're kind of doing everything at the same time. and now they're very interested with what's happened with natural gas in the united states and they're beginning to think their own geology gives them the same kind of opportunity so that might be the next frontier for energy in china. >> rose: bill gates who obviously has made enormous contributions to global health said last year if he was allowed one wish to improve humanities lot over the next 50 years one wish to improve humanity's lot over the next 50 years he would choose an energy miracle that would produce energy, cheap energy with no carbon dioxide emissions. is it within the realm of possibility? >> well you know, i think we're in a period, ircal i call it th- there's more focus on innovation all across the energy sector than we've ever seen before. i think ther
all that involves energy. so their oil companies are out there around the world seeking new oil resources. they are trying to be more e fution. they are trying to promote renewable energy so they're kind of doing everything at the same time. and now they're very interested with what's happened with natural gas in the united states and they're beginning to think their own geology gives them the same kind of opportunity so that might be the next frontier for energy in china. >> rose: bill...
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Nov 13, 2012
11/12
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you also talk about alternative energy companies could suffer. and defense contractors, you can give us a quick answer on that? >> well, it's difficult. when oil prices go up it's good for nuclear and solar and clean energy players. but when they go down which would happen if you get a lot more production in the u.s. it's bad for those players because people tend to go back to oil and using oil. as for the defense contractors, we're to the going to have to spend some of defending the middle east because we will not need those resources so much because we have it at home. >> you gave use lot of interesting analysis on this. thanks a lot, gregg. and we've been speaking with gregg of the street.come. you can find gregg's companion article on our web site nbr.com. >> susie: a server glitch here at the big board today, impacting trades in over 200 stocks. shortly after trading got underway this morning, the n.y.s.e. said it detected a problem with its new matching engine, that made it difficult to match buy and sell orders or publish prices on 216 dif
you also talk about alternative energy companies could suffer. and defense contractors, you can give us a quick answer on that? >> well, it's difficult. when oil prices go up it's good for nuclear and solar and clean energy players. but when they go down which would happen if you get a lot more production in the u.s. it's bad for those players because people tend to go back to oil and using oil. as for the defense contractors, we're to the going to have to spend some of defending the...
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Aug 14, 2012
08/12
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and so i want to take advantage of those energy resources. i like all of those sources of energy. you've probably heard the president say he's for all of the above, and i wondered what he meant because i see how he's been waging war on coal, and i wondered how could he possibly say that. then it came to me. he's for all the sources of energy that come from above the ground, none of those from below the ground, like oil and coal and gas. i'm for all of the above. whether it comes above the ground or below the ground, we're going to take advantage of our energy resources to save your jobs, to create more jobs. and by the way, when we use our plentiful energy resources, our inexpensive carbon-based energy resources, you're going to see manufacturing come back to america. it's not just in this part of the country; it will be in other parts of nation, as well. it will be part of that first step i'm going to take, which is to take advantage of our energy resources. >> woodruff: then-candidate obama won ohio in 2008, but today romney said the president has not lived up to promises he mad
and so i want to take advantage of those energy resources. i like all of those sources of energy. you've probably heard the president say he's for all of the above, and i wondered what he meant because i see how he's been waging war on coal, and i wondered how could he possibly say that. then it came to me. he's for all the sources of energy that come from above the ground, none of those from below the ground, like oil and coal and gas. i'm for all of the above. whether it comes above the...
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Aug 31, 2012
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>> let's broaden the world's energy mix. let's go. >> and now, "bbc world news america." >> this is "bbc world news america." reporting from washington, i'm kathy kay. from political convention to natural disaster, mitt romney tours louisiana hoping to look, well, like a president. russian tycoon took allegations of blackmail to a london court in the most expensive trial of its kind. now one of them --, and carrying the future. can something as simple as mirrors in a field really be a solar solution? welcome to our viewers on pbs and those around the globe. mitt romney, the republican candidate, was acting like mitt romney, the republican president today. fresh from his convention speech in florida, mr. romney flew straight to louisiana to tour the areas worst hit by hurricane isaac. the disaster zone gave him a chance to look presidential but persuading americans to elect him is trickier. that was a thing he tackled in florida last night. >> the band played "giving me some loving" and the entire buildup was about provoking
>> let's broaden the world's energy mix. let's go. >> and now, "bbc world news america." >> this is "bbc world news america." reporting from washington, i'm kathy kay. from political convention to natural disaster, mitt romney tours louisiana hoping to look, well, like a president. russian tycoon took allegations of blackmail to a london court in the most expensive trial of its kind. now one of them --, and carrying the future. can something as simple as...
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May 17, 2012
05/12
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let's use energy more efficiently. let's go. >> "bbc world news america" was presented by kcet los angeles.
let's use energy more efficiently. let's go. >> "bbc world news america" was presented by kcet los angeles.
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Nov 3, 2012
11/12
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energy falling 1.7%. and technology down 1.5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two dollars per barrel, settling at its lowest price since june. the u.s. dollar was higher on the back of the employment numbers and a more expensive dollar can put downward pressure on oil. oil giant chevron also hurt the energy sector and the dow. chevron had the biggest percentage loss among dow stocks. chevron did not make as much money has anticipated in the third quarter. earnings per share were well short of estimates. similar to exxon mobil, chevron also saw its production and fuel sales fall, hit by hurricane isaac in august, legal troubles in brazil and a refinery fire in california. shares fell 2.8%, closing at their lowest price since july. two bright spots for chevron were its smaller refineries processing cheaper oil from montana and north dakota. meantime, chesapeake energy fell to a three month low, down 7.9%. the company has been trying to reduce it
energy falling 1.7%. and technology down 1.5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two dollars per barrel, settling at its lowest price since june. the u.s. dollar was higher on the back of the employment numbers and a more expensive dollar can put downward pressure on oil. oil giant chevron also hurt the energy sector and the dow. chevron had the biggest percentage loss among dow stocks. chevron did not make as much money has...
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Dec 11, 2012
12/12
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and alternative energy? >> the first thing i'd say is natural gas in and of itself is inherently greener than the current base so -- >> rose: but you are -- wind -- >> i think wind will continue. i think solar will still be part of the mix. you know, again, i've always advocated for very broad energy -- set of energy solutions. because you never are quite smart enough to figure out which one is going to break through the door at any given point in time. but clearly gas is going to be a bigger part of the mix in the united states going forward. globally -- japan doesn't have any gas so they've got to figure out post-fukushima what they do. europe has to figure out do they want to import gas from russia or build nuclear -- so everybody's got their own set of challenges. but i'm here to tell you this that this country-- unlike any other time in my lifetime-- has more options that are positive than ever before. >> rose: you're bullish on america? >> i think on the energy side for sure. and i'd say on the -- the
and alternative energy? >> the first thing i'd say is natural gas in and of itself is inherently greener than the current base so -- >> rose: but you are -- wind -- >> i think wind will continue. i think solar will still be part of the mix. you know, again, i've always advocated for very broad energy -- set of energy solutions. because you never are quite smart enough to figure out which one is going to break through the door at any given point in time. but clearly gas is...
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Jun 4, 2012
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>> let's broaden the world's energy mix. let's go. >> and now, bbc world news. >> this is bbc world news america. i am kathy kay. the number of dead is unknown in nigeria after an airplane plunges into an apartment, killing everyone on board and many more on the ground. syrian rebels back the u.n. peace plan -- are not committed to the peace plan, ending the ceasefire. and a diamond jubilee concert, supporting the 60th year on the throne, but prince phillip misses the party due to an infection. >> welcome to our viewers on pbs and america. rescue workers in nigeria still don't know how many people died when a plane crashed into an apartment building. there may be more victims on the ground. the country's president declared three days of mourning . >> the day after the crash, where buildings once stood, workmen pull out burned pieces of the plane. 153 people were onboard, but nobody hand d a chance of surviving. the pilot sent a call as both engines failed. it happened in lagos, not far from the city's airport. >> the diggers
>> let's broaden the world's energy mix. let's go. >> and now, bbc world news. >> this is bbc world news america. i am kathy kay. the number of dead is unknown in nigeria after an airplane plunges into an apartment, killing everyone on board and many more on the ground. syrian rebels back the u.n. peace plan -- are not committed to the peace plan, ending the ceasefire. and a diamond jubilee concert, supporting the 60th year on the throne, but prince phillip misses the party...
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May 3, 2012
05/12
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with job worries, come concerns about less energy demand. oil and natural gas fell, putting pressure on producers. coal company alpha natural resources shed more 5.5%. natural gas explorer range resources was down almost 5%. and oil producer marathon fell more than 4%. the job market may be soft but we continue using mastercard and visa. the two payment system giants records stronger than expected profit growth in their latest quarters, visa's earnings were nine cents better than anticipated. visa cardholders swiped their cards 13 billion times in the past quarter, up 8% from a year ago. and the dollar amount of those swipes was up, too. mastercard's earnings also came in stronger than forecast. consumers spent more, increasing card payments grew faster overseas than compared to the growth in the u.s. despite the better earnings, shares of both visa and mastercard fell about 1%, perhaps reflecting some of the broader market worries about job growth slowing. we saw some action with clothing retail stocks. first a buy-out deal. charming shoppe
with job worries, come concerns about less energy demand. oil and natural gas fell, putting pressure on producers. coal company alpha natural resources shed more 5.5%. natural gas explorer range resources was down almost 5%. and oil producer marathon fell more than 4%. the job market may be soft but we continue using mastercard and visa. the two payment system giants records stronger than expected profit growth in their latest quarters, visa's earnings were nine cents better than anticipated....
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Jun 19, 2012
06/12
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>> let's broaden the world's energy mix. let's go. >> and now bbc world news. >> this is bbc world news america reporting from washington. i'm jeanne o'brien. thousands of egyptians swear again to protest a sweeping new powers by the military council. the g-20 meeting is dominated by greece as world leaders put on the pressure for the eurozone to fix its financial mess. and to digging deep for oil as world leaders try to balance the industry and environment. we travel to the amazon rain forest to see the impact. >> this could make a couple of hundred cars. demand is skyrocketing, especially in china. the bigger this mine gets, the greater the impact on the natural world. >> welcome to our viewers on pbs in america and around the globe. in tokyo square tonight, -- in tahrir square tonight, tens of thousands of egyptians are protesting against the sweeping new powers the military council has given itself, and its order to dissolve parliament. the continued unrest comes as the country awaits the obama results of the presidentia
>> let's broaden the world's energy mix. let's go. >> and now bbc world news. >> this is bbc world news america reporting from washington. i'm jeanne o'brien. thousands of egyptians swear again to protest a sweeping new powers by the military council. the g-20 meeting is dominated by greece as world leaders put on the pressure for the eurozone to fix its financial mess. and to digging deep for oil as world leaders try to balance the industry and environment. we travel to the...
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Apr 18, 2012
04/12
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sources, like biofuels, natural gas, solar and wind energy. john kilduff is a long time energy trader. he's founder of again capital. with us tonight from the nasdaq. john, it's always nice to see you again. what's the difference between speculation and manipulation in the oil markets? >> i think speculation really is by definition taking a view on where you think crude oil prices or gasoline prices or corn prices are going to go. and you put your money down and make that wager, basically. whereas manipulation occurs when you say -- hold back purposely electricity into california like was done in enron. when you have traders that lie about prices in certain markets to manipulate what posted prices are, or try to corner a market the way the hunts did way back in the day in the gold market. >> tom: and silver market in the '70s. oil has been over $100 a barrel since february which is traditionally not a sigh season for demand. is the market being manipulated here, kilduff? >> no, no. unfortunately, it's not. i know this is hard for folks. i have
sources, like biofuels, natural gas, solar and wind energy. john kilduff is a long time energy trader. he's founder of again capital. with us tonight from the nasdaq. john, it's always nice to see you again. what's the difference between speculation and manipulation in the oil markets? >> i think speculation really is by definition taking a view on where you think crude oil prices or gasoline prices or corn prices are going to go. and you put your money down and make that wager,...
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Feb 11, 2012
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the materials, energy and financial stock sectors each lost at least 1%. leading the drop in energy and materials: coal and big coal customers, steel makers. coal mining stocks alpha natural resources, peabody and consol energy were among those pushing the sector lower. alpha lost 6%. peabody and consol fell almost 3.5% each. arch coal set the tone for its industry, dropping more than 7.5%. volume more than doubled. it's the latest coal miner to cut production because of weak demand. the miners have seen utility customers switch to natural gas thanks to lower prices. the drop in production over- shadowed a rise in fourth quarter profits for the company. meantime, steel makers u.s. steel and allegheny technologies shed 5% and 4% respectively, even though they have been expecting steel prices to improve this year. cliffs natural, an iron ore producer, a key fuel for steel furnaces, slid three and a half percent. the new york stock exchange unveiled plans to grow its business without selling itself to the deutsche boerse in germany. that buyout was derailed o
the materials, energy and financial stock sectors each lost at least 1%. leading the drop in energy and materials: coal and big coal customers, steel makers. coal mining stocks alpha natural resources, peabody and consol energy were among those pushing the sector lower. alpha lost 6%. peabody and consol fell almost 3.5% each. arch coal set the tone for its industry, dropping more than 7.5%. volume more than doubled. it's the latest coal miner to cut production because of weak demand. the miners...
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Mar 22, 2012
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the energy sector led the losers, falling 1%. financial stocks and utilities saw mild selling, illustrating the muted tone today. energy stocks were hurt by oil driller baker hughes warning its profit margin will fall as north american customers stop drilling for natural gas. shares got drilled, falling almost 6% on heavy volume. shares have been trending lower for at least a year as the drilling rig industry has been shifting away from natural gas due to historically low prices and looking for oil instead. that shift can raise costs, hurting profit margins. other large oil service stocks saw less selling. nabors fell 3%, schlumberger was down 2%, and halliburton fell less than 2%. analysts suggest the baker hughes challenges are its own and not industry-wide. the warning from the number three oilfield driller comes as energy prices continue climbing. crude oil settled up more than $1 per barrel, raising above $107 per barrel. the u.s. energy department said crude oil supplies fell in the past week while the market was expecting
the energy sector led the losers, falling 1%. financial stocks and utilities saw mild selling, illustrating the muted tone today. energy stocks were hurt by oil driller baker hughes warning its profit margin will fall as north american customers stop drilling for natural gas. shares got drilled, falling almost 6% on heavy volume. shares have been trending lower for at least a year as the drilling rig industry has been shifting away from natural gas due to historically low prices and looking for...
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Jun 28, 2012
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independent energy producers led the energy sector rally. cabot oil and gas jumped nine percent to the highest price since the first week of the year. q.e.p. resources rallied 8%. it was at a 52-week low earlier this month. and w.p.x. energy gained 8%. new home builders continued rallying, thanks to a big earnings report from lennar. earnings made a big jump from a year ago, and three cents per share better than estimates. lennar is one of the country's biggest homebuilders, and is seen as a barometer for new homes. it's results indicate a strong spring selling season, and strength may continue. new orders were up 40%. shares jumped 4.8% on heavy volume. the rally brings the stock less than $2 away from a 52 week high. other builders caught a bid. m.d.c. was up almost 5%. standard pacific gained more than 4%. and meritage homes added 3%. for the first time in more than a decade, a new weight loss drug has gotten the green light from the food and drug administration. and its maker, arena pharmaceuticals saw big buying in anticipation of a big
independent energy producers led the energy sector rally. cabot oil and gas jumped nine percent to the highest price since the first week of the year. q.e.p. resources rallied 8%. it was at a 52-week low earlier this month. and w.p.x. energy gained 8%. new home builders continued rallying, thanks to a big earnings report from lennar. earnings made a big jump from a year ago, and three cents per share better than estimates. lennar is one of the country's biggest homebuilders, and is seen as a...
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Mar 6, 2012
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it's all the talk in houston this week where global energy leaders are in town for a summit on energy security. our diane eastabrook is there as well, diane? >> reporter: tom, houston is the epicenter of big oil here in the u.s. this is a city that likes high oil prices but not too high, obviously, because high pump prices can strangle the u.s. consumer. this afternoon i spoke with guy caruso who say senior advisor for the center of strategic and international studies. and i began by asking him if he thinks high oil prices will be a key talking point in this fall's presidential election. >> i think energy prices definitely are going to be an issue in this election. mainly because of the relatively slow recovery and continuing high unemployment. there will be a linkage between energy prices and the economy. and both sides will try to either blame or take credit for anything that is happening. >> reporter: what do you think the potential is of us he ising $100 a barrel oil through the summer and possibly into the fall? >> well, i think prices will stay very firm. and what could change t
it's all the talk in houston this week where global energy leaders are in town for a summit on energy security. our diane eastabrook is there as well, diane? >> reporter: tom, houston is the epicenter of big oil here in the u.s. this is a city that likes high oil prices but not too high, obviously, because high pump prices can strangle the u.s. consumer. this afternoon i spoke with guy caruso who say senior advisor for the center of strategic and international studies. and i began by...
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Apr 13, 2012
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peabody energy and arch coal each gained more than 7%. the speculation is less australian coal going to chinese steel makers could help u.s. coal miners. while google was one of those in focus after the closing bell, so was coinstar, the company behind the red-box d.v.d. rental kiosks. after closing weaker by 3% in the regular session, the stock shot up 13.5% after the closing bell. that would take the stock to a new all-time. the company preliminary first quarter results were stronger than expected. the company also raised its full year profit forecast. it was another busy session for new stocks. one seeing lots of trading. forum energy technologies makes products for oil and natural gas exploration. almost 12 million shares traded, making it one of the most actively traded stocks on the new york stock exchange. it's initial price was $20 per share. by the closing bell, it was up almost 9%, finishing its first day just below $23 a share. the reception for fellow energy parts supplier mrc global was more tame. shares up just a fraction fr
peabody energy and arch coal each gained more than 7%. the speculation is less australian coal going to chinese steel makers could help u.s. coal miners. while google was one of those in focus after the closing bell, so was coinstar, the company behind the red-box d.v.d. rental kiosks. after closing weaker by 3% in the regular session, the stock shot up 13.5% after the closing bell. that would take the stock to a new all-time. the company preliminary first quarter results were stronger than...
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Nov 8, 2012
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peabody energy shed 9.6%. the industry may see more clean air regulations in president obama's second term, hurting demand. healthcare was also in focus today after the election. and among the winners: hospital stocks. with health care reform moving forward, hospitals could benefit from an increase in insured patients. h.c.a. popped 9.4%. health management associates gained 7.3%. community health rose 6%. beyond the election reaction, apple continued losing ground. a key asian supplier of the iphone 5 said production of the device was difficult due to quality standards. the supplier said it is shipping far fewer iphones than apple wants. it has been a fast fall for apple stock. six weeks ago it was above $700 at a record high. after dropping 3.8% today, the stock closed at $558. it's now in a bear market, down more than 20% from its september high. a key apple partner, a.t.&t. shed 3.3%. the company announced it will spend more money, about $22 billion a year for the next three years, upgrading its wireless an
peabody energy shed 9.6%. the industry may see more clean air regulations in president obama's second term, hurting demand. healthcare was also in focus today after the election. and among the winners: hospital stocks. with health care reform moving forward, hospitals could benefit from an increase in insured patients. h.c.a. popped 9.4%. health management associates gained 7.3%. community health rose 6%. beyond the election reaction, apple continued losing ground. a key asian supplier of the...
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May 16, 2012
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in energy, coal producers. grilled after patriot coal cut the 2012 production for steel making coal. and competitors were down more than 6% each in a stiff sell-off. after the close, the focus fell on j.c. penney. working to rebrand itself under ceo ron johnson who came from apple. among the projects doing away with the sales and mark downs. they delivered a loss. and the retailer eliminated the dividend. the stock was weaker heading into the night, and the shares trending lower since late last year. shares were quoted to $4 down from the closing rice in after hours action. one to watch tomorrow. speaking of retail, the unusually warm winter playing against home depot. earnings came in as expected at the retail giant, revenues were less than anticipated as home improvement sales slowed down in april. sales were up more in the u.s. khmered to growth internationally. investors focused on the revenue number pushing the dock down two percent. and didn't get help from the company raising forecasts for the rest of th
in energy, coal producers. grilled after patriot coal cut the 2012 production for steel making coal. and competitors were down more than 6% each in a stiff sell-off. after the close, the focus fell on j.c. penney. working to rebrand itself under ceo ron johnson who came from apple. among the projects doing away with the sales and mark downs. they delivered a loss. and the retailer eliminated the dividend. the stock was weaker heading into the night, and the shares trending lower since late last...
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Jun 6, 2012
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. >> tom: some point to energy regulations for holding back energy growth. you know this as you and your administration was in power in pennsylvania as natural gas fracking took hold. 22,000 oil and gas extraction jobs have been done in the united states. who more can be done on the federal level to continue to encourage that kind of invest. >> we have to pass an act. we should convert every mid-sized fleet to natural gas and we have to build a distribution network and that will require an incentive. you can have economic growth with decent regulations. i'm in favor of the key stone pipeline but it should be done as part of a comprehensive energy bill. a comprehensive natural gas bill not as an add-on to an education bill. let's do it the right way. >> tom: to follow up on your idea of providing and pushing incentives to continue to encourage more natural gas production when it comes to our fleet of vehicles. what kinds of role do you think the federal government ought to play? we've seen it get in trouble in terms much trying to pick winners in solar energy
. >> tom: some point to energy regulations for holding back energy growth. you know this as you and your administration was in power in pennsylvania as natural gas fracking took hold. 22,000 oil and gas extraction jobs have been done in the united states. who more can be done on the federal level to continue to encourage that kind of invest. >> we have to pass an act. we should convert every mid-sized fleet to natural gas and we have to build a distribution network and that will...
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Mar 13, 2012
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we have two reports this evening, looking at the impact of energy on the u.s. economy and on the presidential election. we begin with suzanne pratt in new york. >> reporter: if you're like most u.s. drivers, it's been hard to miss the big run-up in prices at the pump. gasoline started moving higher right after labor day and this year alone the national average for regular unleaded has surged 52 cents to $3.80 cents a gallon. still, it's unclear whether the higher energy costs are already curbing spending in the u.s. commodity strategist shelley goldberg says they're certainly affecting consumer behavior. >> you're seeing that people are taking staycations if you will, maybe canceling that trip to the mall on the weekend or to the movies or just travelling less. >> reporter: but, other experts point to the recent strength in job market data and consumer confidence as proof the economy is so far shrugging off higher energy costs. still, others say don't worry the truly negative effects are coming. it will just take several more weeks before they show up in econom
we have two reports this evening, looking at the impact of energy on the u.s. economy and on the presidential election. we begin with suzanne pratt in new york. >> reporter: if you're like most u.s. drivers, it's been hard to miss the big run-up in prices at the pump. gasoline started moving higher right after labor day and this year alone the national average for regular unleaded has surged 52 cents to $3.80 cents a gallon. still, it's unclear whether the higher energy costs are already...
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Jan 12, 2012
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speaking of energy, some renewable energy stocks were shining bright. an analyst at deustche bank found strong fourth-quarter demand has dwindled inventories to record low levels. jinko-solar, trina solar and suntech all trade below $10 per share, but they rallied by at least 27% each today. last year, this sector was hit hard as solar panel prices collapsed, cutting profit margins for the manufacturers. and that's tonight's "market focus." >> tom: it is a tug of war over outlooks. the s&p 500 is at its highest level since july suggesting earnings optimism. government bond interest rates are nearing their lows of last fall, suggesting economic pessimism. tonight's "street critique" guest says investors need to watch profits, not politicians. he's michael farr, author of the arrogance cycle. always great to see you michael. happy new year. >> thanks, great to be with you, happy new year to you. >> tom: a strange con verge ends, both stocks and bonds rallying. what can we take away from that? >> well, a little optimism, a little bit of fear, i think. when
speaking of energy, some renewable energy stocks were shining bright. an analyst at deustche bank found strong fourth-quarter demand has dwindled inventories to record low levels. jinko-solar, trina solar and suntech all trade below $10 per share, but they rallied by at least 27% each today. last year, this sector was hit hard as solar panel prices collapsed, cutting profit margins for the manufacturers. and that's tonight's "market focus." >> tom: it is a tug of war over...
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Apr 6, 2012
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, because you like energy as well. oil prices have stalled out around 100. but the energy stocks haven't come along lately. >> no, they haven't. big surprise from 2010 to 2011 was the big bump in energy prices. haven't seen much this year. our view is that there is a bit more stimulus coming are from outside the u.s. that should boost demand for energy prices and help some of the energy names. >> tom: do you or your clients own any of these sector etf? >> our clients do own the etfs. >> tom: watching the market, our market monitor chris wolfe with merrill lynch. >> susie: as we mentioned, president obama signed off on his latest plan to boost the economy-- the jobs act, aimed at helping small business and entrepreneurs. but tonight's commentator warns that creating a nation of entrepreneurs is not a cure-all for our problems. he's eric schurenberg, editor- in-chief at "inc" magazine. >> entrepreneurs are our new heroes, the seal team six that's going to pull us out of recession. "shark tank" lionizes them on tv. half o
, because you like energy as well. oil prices have stalled out around 100. but the energy stocks haven't come along lately. >> no, they haven't. big surprise from 2010 to 2011 was the big bump in energy prices. haven't seen much this year. our view is that there is a bit more stimulus coming are from outside the u.s. that should boost demand for energy prices and help some of the energy names. >> tom: do you or your clients own any of these sector etf? >> our clients do own...
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Mar 7, 2012
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to push this small-cap energy stock higher. shares jumped 23% as volume exploded. the company said it is in exclusive talks to possibly sell its venezuelan assets. despite rising energy prices, share of h-n-r trade at half the price they were a year ago, even with today's rally. speaking of energy, oil was not immune to today's selling pressure. u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department today cut its outlook on demand, expecting it to fall to a 15-year low this year. commodities were weak across groups. copper fell by more than 3%. gold was down 2%, settling below $1,700 an ounce. and corn dropped 1%. and that's tonight's "market focus." what consumers see as a financial challenge, some see as an opportunity. diane estabrook is in houston where she's been talking to companies hoping to cash in on the global demand for fuel. how soon could we see some of these fuels come to market? >> tom, wouldn't it be nice if we could see
to push this small-cap energy stock higher. shares jumped 23% as volume exploded. the company said it is in exclusive talks to possibly sell its venezuelan assets. despite rising energy prices, share of h-n-r trade at half the price they were a year ago, even with today's rally. speaking of energy, oil was not immune to today's selling pressure. u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department...
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Oct 17, 2012
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energy secure. part of that is bringing in a pipeline of oil from canada, taking advantage of the oil and coal we have here, drilling off shore in alaska. drilling off shore in virginia where the people want it. those things will get us the energy we need. >> crowley: mr. president, could you address because we did finally get to gas prices here, could you address what the governor said, which is if your energy policy was working, the price of gasoline would not be $4 a gallon. is that true? >> obama: think about what the governor just said. he said when i took office the price of gasoline was $1.86. why is that? because the economy was on the verge of collapse. because we were about to go through the worst recession since the great compression. as a consequence, of some of the same policies that governor romney is now promoting. so it's conceivable that governor romney could bring down gas prices because with his policies we might be back in that same mess. what i want to do is to create an economy
energy secure. part of that is bringing in a pipeline of oil from canada, taking advantage of the oil and coal we have here, drilling off shore in alaska. drilling off shore in virginia where the people want it. those things will get us the energy we need. >> crowley: mr. president, could you address because we did finally get to gas prices here, could you address what the governor said, which is if your energy policy was working, the price of gasoline would not be $4 a gallon. is that...
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Aug 10, 2012
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consol energy gained 6.4%. peabody energy was up 6.3%. the miners have cut back on coal supply as prices dropped. four of the five most actively traded e.t.f.'s were higher. the loser was the financial sector e.t.f., slipping a penny. and that's tonight's "market focus." >> tom: the hot dry weather through much of the united states is behyped a big jump in global food prices. after falling for three months, the united nations food price index jumped six percent in july. even with the sharp jump, global prices are close to what they were in april by the u.n. gauge. with the drought continues. corn prices continue to climb in the u.s. settling at a new high today. 8.25 per bushel almost, just a penny >> scott shellady joins us from the cme group in chicago. scott, huge rise in corn prietions laeltly. is it sustainable? >> i think it is sustainable, because ultmaltly we're the king of corn. we're the world's grower of corn. you know what? we just don't have the corn this year. mother nature took a big bite out of us. our farmers are the best
consol energy gained 6.4%. peabody energy was up 6.3%. the miners have cut back on coal supply as prices dropped. four of the five most actively traded e.t.f.'s were higher. the loser was the financial sector e.t.f., slipping a penny. and that's tonight's "market focus." >> tom: the hot dry weather through much of the united states is behyped a big jump in global food prices. after falling for three months, the united nations food price index jumped six percent in july. even...
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Aug 24, 2012
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a spokesman for president obama said energy policy should include all kinds of energy sources, not just oil. swimmer diana nyad's attempt to cross the florida straits was foiled by jellyfish. kwame holman tells us more about her brushes with the stinging creature. >> holman: how did diana nyad try to defend herself and what went wrong? we have that story for science thursday on our science page. on the rundown, margaret reflects on the team tapped to advise mitt romney on foreign policy and what its membership suggests. also there, gwen ifill answered your election and political convention questions today in a live chat. and if you speak another all that and more is on our web site: newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online and again here tomorrow evening with mark shields and david brooks, among others. thank you and good night. major funding for the pbs newshour has been provided by: and the william and flora hewlett foundation, working to solve social and environmental problems
a spokesman for president obama said energy policy should include all kinds of energy sources, not just oil. swimmer diana nyad's attempt to cross the florida straits was foiled by jellyfish. kwame holman tells us more about her brushes with the stinging creature. >> holman: how did diana nyad try to defend herself and what went wrong? we have that story for science thursday on our science page. on the rundown, margaret reflects on the team tapped to advise mitt romney on foreign policy...